05 September 2012 23:59 [Source: ICIS news]
By Renee Lawrence
LONDON (ICIS)--The majority of European August adipic acid (?xml:namespace>
Some buyers have agreed to a rollover versus July while most have settled with an average increase ranging between €20-50/tonne ($25-63/tonne), sources said.
The August contract price settled at €1,475-1,575/tonne FD (free delivered) NWE (northwest Europe), registering a €25/tonne increase versus July.
One supplier said it intends to ask for a €50/tonne increase this month to claw back some of the margins they lost in August as they didn't manage to pass their full benzene increase.
Still, some buyers said they want the suppliers to pass down the decrease in benzene costs this month. The European benzene contract for September was agreed late last week at €1,026/tonne FOB (free on board) NWE (northwest Europe), down €35/tonne from the previous month.
One buyer in northern
($1 = €0.80)
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